The Elephant and the Dragon: The Rise of India and China

and What it Means for All of Us.

 Brief Summary:
.

After a long time, India and china fast growth in the 21st century and both counties increase their
business standard and create highly influence on the world economy. Their importance is clearly
represented increasing the life standards and national economy developments make them the
large energy consumers. Future opportunities and the great markets attract FDI and investors.
Both of the countries India and China act just like a world factory, even both countries also
change the living style of people in the world level. The managers and the professional must be
alert of the feared and the possible influence of them along with they do make their relative
business strategies.

“Robyn Meredith outlined the following three perspectives to readers for better understanding
the China and India and their business implications.

1. INDIA & CHINA of the Transformation system.

Both countries usually switch as of poor as well as closed economies to developing giants. Both
provide lower wages, lower input costs, abundant production factors, and supportive government
policies. However, the difference between the development path in China and India deserves to
be presenting illustrious by staff. The best government style in china because china's government
always supports the community party. Still, china's government gives most facilities regarding
business at a lower level but this style of government style creates some type of barrier. But same
as the Indian government does not support industries and the Indian government is known as an
anti-industrialization country. Every country has its own national language same here china's
national language is Mandarin and National level time also plays a vital role in china's economy
and as well as china market rules. By contrast, India is more complex in these fields in more than
thirty languages and half an hour time outside the global time zone. “But in other respects, India
has more advantages than China. India developed more talents among doctors, scientists,
scientists, and engineers in the 1980s and during this period China closed colleges and
persecuted many scientists and professionals because of the Cultural Revolution. Although there
are many differences between China and India, they surprise the world with their great increase”.

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 2. The impact of the transformations for world:

The most important impact of the emergence of both countries may changes in the worldwide
work force market. World-wide initially seen as harming poor nations, and think future job to
China and India, most of the people are agree to do same responsibility at in western and who
agreed at less salary. China provides a at high number of physical labor due to less educational
level and India is known as good level and well experienced staff available for sale.

“Western employees now face competition from long distances from developing countries.
Moreover, the manufacturing process is also formed. It can be called the "contemporary
industrial revolution" plus product procedure is divided by specialized subgroups. The
dismantling line helps companies decrease costs, increase the quality level, and increase the level
of productivity.

3. Drawbacks of the transformation:

The positive effects of globalization benefit people in China and India, as well as people in other
countries. Negative effects are observed. If we check the history of world in past time there is no
facility of the digitalization but now time world is developed economic and as well facility of
technology thing just like computers, television and phones and as well as increase the level of
education and also create a more awareness of education. We know that those people who belong
to poor standard level and have not resource about get highly standard level education. Same
here in both countries of companies are now demand highly level employed and that have high
level experienced and get education from high standard institutions. Education deficiencies
restrict this nation as of benefit from multinationals.”Second, it is clear that multinationals are
looking for usual capital just like as oil, coal, gold and silver in both countries. The increasing
demand for resources leads to the scale of pollution. But China and India lack regulations and
enforce environmental protection”.

 Important aspects:

When China became the global manufacturing hub, millions of Western factory workers lost
their jobs, yet countless Western consumers benefit from cheap Chinese products. India handles
much of the back office business for American companies. “While this makes Western white
collar employees unemployed, it allows Western companies to work more efficiently, providing
increased value to investors. Robin Meredith, a Forbes foreign correspondent based in Hong
Kong, discusses the pros and cons of the rise of China and India”. Although this message did not
take advantage of the passage of time, get Abstract recommends the work of Meredith, with
similarities to the Silk Road, where each station is strange, accessible and interesting

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  Conclusion:

One of the most remarkable stories in modern history is the rest of China and India's comeback
economies. Countries are home to nearly 40 percent of the world's population, but until recently
neither of them played an influential role in the contemporary global economy.

In the past two decades, “China and India have liberalized domestic economic policy, treatment
of foreign investment and trade, and have experienced high and sustainable economic growth.
From the point of view of the United States, however, the most important development in the
Chinese and Indian economies in the long run may be the steps they take in developing their own
local innovation capabilities”. After a long period of underinvestment, the two countries
committed to developing their scientific and educational systems to enhance research and
increase economic expansion.

Some observers of the recent growth said that both countries are making unremitting efforts to
stimulate innovation. Others stressed the potential of one country over another; others suggested
that China and India have a long way to go before achieving innovation based growth. With this
set of views. National academies set out to describe developments in both countries, in relation
to each other and to the rest of the world, by organizing a conference in Washington, DC. The
conference, summarized in this volume, discussed recent changes at the macroeconomic level as
well as in selected industries, and explored the causes and effects of these changes.

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